Report Summary 1) Report Industry Investment Rating - The investment rating for the iron ore in the black building materials industry is "oscillation" [1] 2) Core View of the Report - The iron ore futures price is expected to show an oscillatory trend. Although the arrival volume of iron ore decreased last week, the shipping volume from Australia and Brazil increased, and the port inventory increased. The daily output of hot metal is close to the peak and is expected to remain high for some time, strongly supporting the demand for iron ore. The profitability of steel mills has improved, with off - peak electricity changing from loss to profit [1] 3) Summary by Related Catalogs Market Review - On the night session of Monday, the main 2509 contract of iron ore closed at 7110, up 0.57% [1] Important Information - The Political Bureau of the CPC Central Committee pointed out on April 25 that it is necessary to implement more proactive and effective macro - policies, make full use of more proactive fiscal policies and moderately loose monetary policies, speed up the issuance and use of local government special bonds and ultra - long - term special treasury bonds, and take timely measures such as reserve requirement ratio cuts and interest rate cuts [1] - Last week, the supply of five major steel products was 875,840 tons, a week - on - week increase of 3,130 tons or 0.4%. The total inventory was 1,534,270 tons, a week - on - week decrease of 50,410 tons or 3.2%. The weekly consumption was 926,250 tons, with the consumption of building materials down 6.9% and that of plates down 0.7% week - on - week [1] - In the first quarter, the profits of industrial enterprises above the designated size in China changed from a year - on - year decrease of 3.3% in the previous year to an increase of 0.8% [1] Market Logic - The arrival volume of iron ore decreased last week, but the shipping volume from Australia and Brazil increased, and the port inventory increased. The daily output of hot metal is close to the peak and is expected to remain high for some time, strongly supporting the demand for iron ore. The profitability of steel mills has improved, with off - peak electricity changing from loss to profit. Overall, the futures price is expected to show an oscillatory trend [1] Trading Strategy - As the holiday approaches, it is recommended to hold a light position or an empty position [1]
格林大华期货铁矿早盘提示-20250429
Ge Lin Qi Huo·2025-04-29 05:25